China's Xinhua says Rio Tinto employees face trade secrets infringement, bribery chargesAugust 12th, 2009 Rio employees face trade secrets, bribery chargesSHANGHAI, China — China has formally arrested four employees of the Anglo-Australian mining giant Rio Tinto Ltd. on charges of infringing trade secrets and bribery, in a case that has strained relations with Australia.
Rio Tinto shares plunge more than 3 percent after China claims a 6-year spying campaignAugust 10th, 2009 Rio Tinto prices plunge on China spy claimsSYDNEY —Rio Tinto Ltd.'s share price plunged more than 3 percent Monday after China accused the Anglo-Australian miner of conducting a six-year spying campaign that it claimed cost Chinese steelmakers billions of dollars in inflated prices for iron ore. Rio Tinto declined to respond to the latest allegations but said in July that bribery allegations against four Rio Tinto employees detained in China were baseless.
Mining giant Rio Tinto guilty of commercial espionage worth 100 B dollars: ChinaAugust 10th, 2009 SHANGHAI - Relations between China and Australia are likely to take a turn for the worse with authorities in Beijing accusing the British-Australian mining giant Rio Tinto of engaging in commercial espionage that cost China about 100 billion dollars. The sensational allegation was published on Sunday on a website affiliated with China's State Secrets Bureau, which has detained four Rio Tinto employees - three Chinese citizens and one Australian - in Shanghai last month on suspicions of stealing confidential documents from the country's huge, government-controlled steel industry.
China accuses foreign iron ore suppliers of disrupting price talks with heavy spot importsJuly 31st, 2009 China says iron ore suppliers disrupting marketBEIJING — China's steel industry association accused foreign iron ore suppliers on Friday of disrupting supplies and price talks by encouraging importers to buy more on the global spot market. The association's latest blast at miners came as the two sides are locked in talks on long-term supply contracts, with China pushing for big price cuts.
Rio Tinto says Chinese bribery claims falseJuly 17th, 2009 MELBOURNE - Australian mining giant Rio Tinto has said that the allegations that some of its employees in China have been engaged in bribery are "wholly without foundation". Chinese authorities claim four employees of the world's third-biggest miner bribed Chinese steel mills officials during annual iron ore contract price negotiations.
Reports: Rio Tinto steel analysts leave China after spying allegations against coworkersJuly 16th, 2009 Reports: Rio Tinto analysts leave ChinaBEIJING — Mining giant Rio Tinto Ltd. has pulled researchers who follow China's steel industry out of the country after four employees were detained on spying allegations during iron ore price talks, news reports said Thursday.
State media alleges widespread bribery in Rio Tinto caseJuly 15th, 2009 Major bribery alleged in Rio Tinto caseBEIJING — A government-owned newspaper alleged Wednesday that executives from all 16 Chinese steel mills participating in iron ore price talks this year were bribed by Rio Tinto employees. The English-language China Daily quoted an unnamed "industry insider" saying that the Anglo-Australian mining giant bribed China's largest steel companies, all members of the China Iron & Steel Association, to get access to industry data.
Reports: China investigating 5 steelmakers in connection with Rio spying chargesJuly 14th, 2009 Reports: China probes 5 steelmakers in Rio caseBEIJING — Executives of five Chinese steelmakers are being questioned in a widening espionage probe of four detained Rio Tinto Ltd. employees, news reports said Tuesday, as Australia pressed for details of the case.
Australia wants evidence from China on Rio Tinto exec's detention, says it could hurt businessJuly 12th, 2009 Australia: Rio detention could hurt China businessBEIJING — Australian officials said Sunday that China has not given them any evidence to support its detention of an Australian mining executive on spying charges and warned that the affair could discourage foreign companies from doing business there. Foreign Minister Stephen Smith told reporters in western Australia that officials will seek information Monday on the detention of Rio Tinto employee Stern Hu.
Australian minister, in China, expresses 'strong concern' about detention of Rio employeeJuly 11th, 2009 Australian expresses concern over Rio detentionBEIJING — Australia's trade minister met Saturday with Chinese officials and said he expressed "strong concern" about the detention of a Rio Tinto Ltd. employee on spying charges, a news report said.
Australian minister in China expresses concern over detention of Rio employee on spy chargesJuly 11th, 2009 Australian concerned for Rio employee China holdsBEIJING — Australia's trade minister met Saturday with Chinese officials and said his government is "deeply concerned" about the detention of a Rio Tinto Ltd. employee on spying charges.
China arrests Rio Tinto's Shanghai GM on bribery chargesJuly 10th, 2009 MELBOURNE - The Chinese Government has arrested the Shanghai-based general manager of multinational mining and resources, Rio Tinto, on charges of bribing staff of Chinese steel companies during iron ore negotiations this year. Australian Foreign Minister Stephen Smith disclosed that Stern Hu is being detained on suspicion of spying and stealing state secrets in China.
Four mining firm employees detained in China for spyingJuly 9th, 2009 SHANGHAI - Four employees of the international mining group Rio Tinto Ltd. have been detained on charges of stealing China's state secrets, authorities said Thursday.
Rio Tinto says 4 employees detained in China; Australia seeks access to Australian citizenJuly 8th, 2009 4 Rio Tinto workers detained in ChinaBEIJING — Four employees of Anglo-Australian miner Rio Tinto Ltd., including an Australian man, have been detained in Shanghai for undisclosed reasons, the company and government officials said Wednesday. Rio Tinto has been unable to contact the employees, said Ian Head, a company spokesman in Sydney.
Chinese steel industry group opposes proposed Rio Tinto-BHP venture as monopolisticJune 9th, 2009 Chinese steel group opposes Rio-BHP ventureBEIJING — China's steel industry group said Tuesday it opposes a proposed venture between leading iron ore producers BHP Billiton and Rio Tinto as a monopolistic move. "This kind of joint venture agreement has a strong monopolistic color, and the China Iron and Steel Association opposes the establishment of such an agreement," the group said in a statement.
Loading ...